Financial
Distress signals
Property profile

51037 Van Dyke Ave Shelby Township, MI 48136

FOR SALE
Drug stores
Property ID
US43-0741674
11,093 SF 1.91 ac lot Built 1999
Last sale Apr 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 11,180-square-foot freestanding retail building presents a unique investment opportunity in the thriving Shelby Township market. Located at 51037 Van Dyke Ave, Shelby Township, MI 48316, this single-tenant property sits on a generous 1.91-acre lot, offering ample space and visibility. The building is currently vacant, providing a blank canvas for a wide range of retail uses. Its C-3 zoning allows for diverse commercial applications, catering to various business needs. The

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$29k
Tax billed · 2022
Assessed value · 2023$700k
Effective rate4.17%

Value estimate

· Sep 2026
$435k
$392k – $479k
Submarket $/SF estimate$1.51M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$123/SF
Submarket average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$66 – $193
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-3
The C-3 Highway Commercial District is intended to serve as a convenience center for the traveling public, generally on lands near the US...
General categoryCOMMERCIAL
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency17.7
Storage Facility13.1
Auto Parts Store13.0

Location

51037 Van Dyke Ave Shelby Township, MI 48136
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 15 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4840 23rd Mile, Shelby Township, MI 48316-4022 $1,000,000 Oct 2024 1,291 SF
51969 Van Dyke, Shelby Township, MI 48316-4455 $1,648,084 Oct 2024 2,040 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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